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Easily convert SPYX to RON with ConvertOnline's efficient tool.
The SP500 tokenized ETF (xStock) (SPYX) is a digital asset that represents a tokenized version of an exchange-traded fund (ETF) tracking the S&P 500 index. By providing exposure to the performance of the 500 largest publicly traded companies in the United States, this token aims to democratize access to traditional stock market investments through blockchain technology.
Ronin (RON) is the native utility token of the Ronin blockchain, a layer-2 solution designed to enhance the Ethereum ecosystem by providing faster and cheaper transactions specifically for gaming and non-fungible tokens (NFTs). Initially developed for the popular blockchain game Axie Infinity, RON facilitates various operations within the Ronin network, including staking, governance, and transaction fees.